America added 4.8 million jobs in June, easily exceeding economist expectations, while the unemployment rate fell from 13.3% to 11.1%. But the jobs picture remains very murky, particularly as some states pause or roll back economy reopenings.
Axios Re:Cap digs into the jobs picture right now and where it's headed, with The Washington Post's Catherine Rampell.
Elderly people in nursing homes make up 45% of COVID-19 related deaths in the U.S. Nursing home alternatives have been on the rise for the last decade, but the pandemic has made those alternatives more urgent.
"How are you going to pay for it?" is one of the most popular questions in politics, whether it's about Medicare For All or a border wall. But Stephanie Kelton, an economist with rising influence in the Democratic Party, believes everyone should stop asking.
Axios Re:Cap speaks with Kelton, who advised the Bernie Sanders campaign and who's now on a Biden campaign economic task-force.
The first stimulus package was a lifeline for millions of Americans. The beginning of July means we've got just a few more weeks before all those benefits expire.
Why it matters: Unlike when the first bill passed in March, Congress is divided on whether people need another stimulus.
